Water Power: Industry
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the role marine energy will play in the UK's industrial strategy.
Answered by Michael Shanks
The Industrial Strategy will channel support to eight growth-driving sectors, including the Clean Energy sector, and will be published in Spring 2025. These are sectors in which the UK excels today and will propel us tomorrow.
Regarding marine energy, existing policy levers such as the Contracts for Difference scheme and innovation funding delivered by UK Research & Innovation offer substantial levers to unlock marine energy deployment and support supply chain development.
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